The value of unlicensed music trafficked on P2P networks in 2007 was $69 billion, according to new MultiMedia Intelligence research, though the researchers warn the value shouldn’t be seen as lost revenue but instead reflects the “fair value” on a per–track basis of traded music files.
“A $69 billion figure is staggering to contemplate, but it effectively illustrates the impact of piracy on the music industry,” according to Rick Sizemore of MultiMedia Intelligence.
Peer-to-peer technology based on BitTorrent could power next-generation TV broadcasting in Europe.
A European Union-funded research project is exploring a new system that could replace over-the-air TV broadcasts, Ars Technica explains.
With €19 million in EU funding and a research remit stretching to 2012, Dutch academic Dr. Johan Pouwelse has spent a year studying BitTorrent as part of his research toward the new technology, which is being hatched-up to deliver live streaming video, rather than catalogue shows.
P2P-Next is based on BitTorrent, but adds support for video on demand and live streaming. The technology could ease the pressure on broadcasters, who must pay for huge quantities of bandwidth when they stream live material online. Continue reading →